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PNB - Head and shoulder pattern

Discussion in 'Technical Analysis' started by sujan4bw, Aug 24, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    I think PNB has formed Head and shoulders pattern. Below 700 should be shorting point.

    Please correct me if I'm wrong.

    Regards
    Sujan
     

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    sujan4bw, Aug 24, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Perfect. PNB I shared the same here as well. 700 crack would mean this stock has no major support anywhere soon.

    Should be a good money maker on the shorting side.
     
    shabbir, Aug 24, 2012
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  3. sujan4bw

    sujan4bw Member

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    I forgot about my PNB thread which I earlier posted.
     
    sujan4bw, Aug 24, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Not an issue and it was not only PNB thread anyways
     
    shabbir, Aug 24, 2012
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  5. sujan4bw

    sujan4bw Member

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    Just shorted in PNB 2 lots (500 shares) at 699.......Now it is at 691
     
    sujan4bw, Aug 27, 2012
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  6. sujan4bw

    sujan4bw Member

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    Now it is at 681 :)
     
    sujan4bw, Aug 27, 2012
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  7. tarak_desai

    tarak_desai New Member

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    Its 675 now, enjoy :)
     
    tarak_desai, Aug 27, 2012
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  8. sujan4bw

    sujan4bw Member

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    Squared off PNB 2 lots (500 shares) at 665.
     
    sujan4bw, Aug 30, 2012
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  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Great, good short.
     
    sanjay_sansanwal, Aug 30, 2012
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  10. sujan4bw

    sujan4bw Member

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    Expiry week also helped a bit.
     
    sujan4bw, Aug 30, 2012
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